HIG Capital (HIG), a global alternative asset management firm with USD45 billion of equity capital under management, has closed its inaugural European Middle Market Fund, HIG Europe Middle Market LBO Fund, with aggregate capital commitments of EUR2 billion.
Launches & Fundraising
Green entrepreneur Jo Bamford has joined forces with multi-family office Vedra Partners to launch HYCAP, a hydrogen investment fund which has set its sights on raising GBP1 billion.
Trill Impact has closed EUR900 million in commitments for its inaugural impact mid-market buyout fund from prominent institutional investors globally, making it one of the largest first-time-funds raised during the Covid-19 pandemic by an independent private investments firm.
Founders First Capital Partners has launched a new impact fund called the Change Catalyst Fund (CCF).
Flyover Capital Partners (Flyover Capital), a Kansas City-based venture capital firm focused on investing in early-stage technology companies, has closed the Flyover Capital Tech Fund II and Flyover Capital Tech Fund II-QP (Fund II) with over USD60 million in capital commitments, exceeding its USD50 million target.
European-Asian private equity firm AGIC Capital has held the final closing of its second fund, AGIC Fund II, which will be focused on advanced industrial and medical technology investments.
MiddleGround Capital, a Kentucky-based, middle market private equity firm that makes control investments in B2B industrial and specialty distribution companies, has held final closes on its flagship fund MiddleGround Partners II, LP and a specialty vehicle focused on automotive investments, Mobility Opportunity Fund, LP. Both funds were oversubscribed with strong support from Fund I Investors.
Avestria Ventures, a Bay Area-based life sciences venture fund, has closed Avestria Ventures Fund I.
AgFunder, a foodtech and agtech VC firm, has held the final close of New Carnivore, its alternative protein fund, at USD21 million. The fund was oversubscribed, surpassing its hard cap.
Commonfund Capital has closed its third dedicated private equity co-investment fund, Commonfund Capital Co-investment Opportunities III, LP, at USD160 million, above its USD150 million target.